balloon mortgage

noun

A short-term real estate loan that features low monthly payments followed by a single large lump-sum payment (balloon payment) due at the end of the term.

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Meanings

nounballoon mortgage (plural balloon mortgages)

plural balloon mortgages

  1. A short-term real estate loan that features low monthly payments followed by a single large lump-sum payment (balloon payment) due at the end of the term.
Cite this entry
APA

balloon mortgage. (n.d.). In WatkinsX Dictionary. Retrieved November 5, 2026, from https://dictionary.watkinsx.com/word/balloon%20mortgage

MLA

“balloon mortgage.” WatkinsX Dictionary, https://dictionary.watkinsx.com/word/balloon%20mortgage. Accessed November 5, 2026.

Chicago

WatkinsX Dictionary, s.v. “balloon mortgage,” accessed November 5, 2026, https://dictionary.watkinsx.com/word/balloon%20mortgage.

Source: balloon mortgage on Wiktionary, CC BY-SA 4.0.